Nomura Asset Management Co. Ltd. boosted its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,773 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,799 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Skyworks Solutions were worth $4,358,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions during the third quarter worth $126,000. WFG Advisors LP lifted its position in Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares during the last quarter. Sun Life Financial INC lifted its position in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Skyworks Solutions in the second quarter valued at $202,000. Finally, Round Table Services LLC purchased a new stake in Skyworks Solutions in the third quarter valued at $204,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.

A number of brokerages recently weighed in on SWKS. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research report on Monday, November 6th. DA Davidson reaffirmed a “buy” rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and issued a $128.00 target price (up from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Needham & Company LLC increased their price target on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp increased their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $115.72.

In other news, SVP Carlos S. Bori sold 3,850 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $98.15, for a total value of $377,877.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Laura A. Gasparini sold 12,132 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.53, for a total transaction of $1,340,949.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 150,275 shares of company stock worth $16,223,522. 0.49% of the stock is currently owned by insiders.

Skyworks Solutions, Inc. (NASDAQ:SWKS) opened at $96.28 on Friday. The firm has a market cap of $17,763.99, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.96 and a beta of 0.84. Skyworks Solutions, Inc. has a one year low of $73.94 and a one year high of $117.65.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, November 20th. Skyworks Solutions’s dividend payout ratio is currently 23.66%.

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Skyworks Solutions Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Institutional Ownership by Quarter for Skyworks Solutions (NASDAQ:SWKS)

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